The Effect of Recording Depreciation for the Year Is A(n)

question 145

Multiple Choice

The effect of recording depreciation for the year is a(n)

• A)decrease in net income and no change in assets.
• B)decrease in assets but no change in owners' equity.
• C)increase in assets and an increase in net income.
• D)decrease in assets and a decrease in net income.

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Definitions:

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